The IBEX initially gapped lower at the open on Friday, and then turned back around to try to fill that gap. It did, but then fell back down and formed a
The IBEX initially gapped lower at the open on Friday, and then turned back around to try to fill that gap. It did, but then fell back down and formed a shooting star. With that, the market looks like it’s ready to test the €10,000 level, an area that we think is massively supportive with that, we feel that the market will eventually break down if we get below there and probably become a bearish market overall. It is the bottom of a larger consolidation area, so if we broke down we feel that this market can really pick up momentum to the downside.
IBEX Forecast October 13, 2014, Technical Analysis
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
